Tranche Update on Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN)'s Equity Buyback Plan announced on March 21, 2022.

From April 1, 2022 to June 30, 2022, the company has repurchased 1,401,764 shares, representing 0.8% for CAD 67.05 million. With this, the company has completed the repurchase of 1,401,764 shares, representing 0.8% for CAD 67.05 million under the buyback announced on March 21, 2022.